With the rounding out of 2018’s second fiscal quarter quickly approaching, the threat of recession designation is looming over the cryptocurrency industry and investor confidence has been shaken. By definition, recession is a period of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Bitcoin began the first fiscal quarter with a valuation above 13,000 USD and slumped to 6,700 USD at the end of the quarter. Therefore, in order to stave off being labelled a recession going into the third quarter, Bitcoin would have to rebound back over 6,700 USD (not adjusted for inflation). Bitcoin currently sits at 6,200 USD.

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The reason you should care about bitcoin’s success is not just because it can help reorganize how the financial industry is run, but because it can bring freedom and empowerment to the people who really need it

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